Saving for retirement should be a lifelong pursuit, but life happens, and recessions, inflation, health issues and salary constraints can hamper the ability to save early and consistently.
An AARP survey found that 20% of respondents aged 50 and over had no retirement savings. Over 50% of current retirees without savings cited everyday expenses as the financial obstacle that prevented them from saving adequately, followed by housing costs (37%), debt payments (33%), unexpected expenses (19%) and health care expenses (17%).
